June 2013, Volume 12, Issue 2

In this issueGlobalWCO approves advisory opinion on trademark royalties ..................................................... 2

Americas

admission and temporary export ............................................................................... 4

...................................................................................... 5

................................................. 7

...................... 8

...................................................................................... 11

................................................................................................... 12

............................ 14

.................................................................................. 15

........................ 17

...................................................... 18

........... 20

................................................................................................... 22

Europe, Middle East and Africa ........ 23

................. 25

............................................................................................ 27

importation amendments ....................................................................................... 28

................................................................................................... 29

TradeWatch

TradeWatch June 20132

WCO approves advisory opinion on trademark royalties

Global

has approved a new advisory opinion on trademark

Background

royalty:

Advisory Opinion 4.15

royalty.

3 TradeWatch June 2013

imported goods.

sale is properly implied.

Implications for importers

Dallas

4 TradeWatch June 2013

Brazil

of temporary admission and temporary export

held in Brazil.

São Paulo

São Paulo

Americas

5 TradeWatch June 2013

New automotive tax regime

Incentives granted by Inovar-Auto

per year

Implications of quota limits for importers

6 TradeWatch June 2013

Recent additional rules

steering systems and panels. These items represent

São Paulo,

São Paulo,

7 TradeWatch June 2013

More developments for state value-added tax (ICMS) reform

TradeWatch

Background

Legislative bill proposed by the Brazilian Senate

and 2025.

Brazil.

São Paulo,

São Paulo,

8 TradeWatch June 2013

1

2

CanadaThe “iPod tariff” controversy in Canada and

The Globe and Mail

9 TradeWatch June 2013

3

So, what exactly has changed?

imported into Canada in 2012.4

press release where it was noted that MP3 players that

5

The Canadian Press

10 TradeWatch June 2013

Toronto,

Montreal,

11 TradeWatch June 2013

changes to Canada’s General Preferential Tariff

TradeWatch

legislation.

Montreal,

12 TradeWatch June 2013

MexicoMexican authorities initiate ambitious FTA audit program with broadened scope

Direct shipment requirement

13 TradeWatch June 2013

NAFTA 303 audits

program

exported to the US or Canada.

303.

need to assess whether pedimentos were

Dallas,

Dallas,

14 TradeWatch June 2013

PeruCustoms auditors increasingly looking at transfer pricing report

Lima,

Lima,

15 TradeWatch June 2013

United StatesUS Customs provides guidance on refunds from post-importation transfer pricing adjustments

Background

TradeWatch

Ruling illustrates complexity of meeting new policy for imports prior to May 2012

16 TradeWatch June 2013

Implications for importers

Dallas,

New York,

New York,

17 TradeWatch June 2013

7

A statement of intent

Missed opportunity

Sydney,

Melbourne,

AustraliaAustralia Customs outside the target range on transfer pricing

18 TradeWatch June 2013

Australian developments — new Anti-Dumping Commission, defense trade with the US and federal budget announcementsAnti-Dumping Commission established from 1 July 2013

TradeWatch

months.

Australia — US Defense Trade Cooperation Treaty enters into force

the Defence Trade ControlsTradeWatch

TradeWatch June 201319

2013 Federal Budget Announcements

A Plan for Australian Jobs TradeWatch

Brisbane,

Brisbane,

20 TradeWatch June 2013

Korea

exposure from import VAT

last year.

More focus on multinationals and related party pricing

changes to VAT Enforcement Decree

21 TradeWatch June 2013

What should importers do?

Seoul,

22 TradeWatch June 2013

Korea-Turkey FTA

Seoul,

23 TradeWatch June 2013

planning.

Where we stand today

European UnionUnion Customs Code: implications for customs valuation planning

Europe, Middle East and Africa

24 TradeWatch June 2013

Committee on Internal Market and

date.

Looking ahead

Brussels,

Brussels,

25 TradeWatch June 2013

GermanyNew directions for customs valuation of related-party transactions

Customs value vs. transfer pricing

26 TradeWatch June 2013

Practical implications

importation.

Documents talkFrankfurt/Eschborn,

Frankfurt/Eschborn,

27 TradeWatch June 2013

interesting developments.

Turkey — South Korea

the Korean market.

What’s next

Istanbul,

TurkeyFree trade agenda

28 TradeWatch June 2013

IsraelIsraeli Supreme Court ruling opens door for certain post-importation amendmentsExecutive summary

Background

Supreme Court ruling

themselves.

Impact on Israeli importers

New York,

Tel Aviv,

29 TradeWatch June 2013

East African CommunityImplications of a single customs territory on export incentives

30 TradeWatch June 2013

Nairobi,

About Ernst & Young

Customs and International Trade (CIT)

TradeWatch

EYG no. YY2949

to the appropriate advisor.

ED None

Americas

Europe, Middle East and Africa

TradeWatch Editor